For saleSingle family
$599,900
29XXX Patriot Ave
Pequot Lakes MN 56472
3 beds, 2.5 baths, 2,162 sqft
29XXX Patriot Ave is a 3 beds, 2.5 baths, 2,162 sqft single family home for sale at $599,900 in Pequot Lakes MN 56472. At 20% down it rents for an estimated $2,400/mo and returns -$1,883/mo a month at a 2.9% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $2,400/mo
- Monthly cash flow
- -$1,883/mo
- Cap rate
- 2.9%
- Cash-on-cash
- -18.8%
- Max offer
- $285,000
Offer ≤ $285,000 (52% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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